The offer document has been filed with SEBI or Securities and Exchange Board India for getting the necessary regulatory approval.
As the name suggests, the ING Latin America Equity Fund, will invest in companies stocks and bonds which are in Latin America including the Caribbean. Since the Latin American countries are expected to be the emerging countries of the world, anyone who believes that Latin American economies will scale to new heights and the companies listed there will be offering good and positive returns can look for investing in this fund offered by ING.
Related: Infrastructure Funds & Tata Growing Economy Fund
A similar fund was launched by Tata under the name Tata Growing Economy Fund. The important thing to note here is that economies do not show good returns just in a matter of small time duration. They tae time to bloom, grow and hence the companies and stocks listed in such economies show returns. Hence, when going for such country or economy based funds, please make it a point to forgo your investments atleast for a 5 year long investment horizon.
Three options will be available for the investors for investing in the ING Latin America Equity Fund
• Dividend option
• Bonus option &
• Growth option.
The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.
Load Charges are heavy: 2.5% for investments less that 50 million or 5 Crore Rs. For higher amounts, no entry load. No exit load.
Probably, they want to justify the high entry load charges in the name of forex conversion.
Let’s see how investors respond to this fund, once it is offered in the market. Please take due care while making assumptions about the other country economies and stocks. Forex rate is also a concern for such funds. | Table of Contents |
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